The Chinese market is a rapidly growing one with
tremendous business opportunities. Many foreign companies have been
seeking to advance their businesses into the Chinese market in
recent years. Nevertheless, opportunities are always accompanied by
risks and challenges. Foreign companies may face many obstacles
when entering and operating in the Chinese market.
In order to help you navigate these issues and avoid common
pitfalls, we have listed several potential challenges you may
encounter. The following is a list of five top challenges of doing
business in China.
Challenge 1: Foreign exchange control
Founded in 1979, the State Administration of Foreign Exchange
(SAFE) oversees all the activities in China's foreign exchange
market. SAFE practices strict foreign exchange policies and
complicated administrative procedures. For instance, capital
investments and loans from abroad must be registered prior to
remittance. Businesses need to be meticulous to
